Ball Corporation (BALL)
Receivables turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 13,557,000 | 13,800,000 | 14,200,000 | 14,813,000 | 15,054,000 | 15,236,000 | 14,868,000 | 14,164,000 | 13,623,000 | 13,021,000 | 12,502,000 | 11,903,000 | 11,567,000 | 11,231,000 | 11,198,000 | 11,382,000 | 11,444,000 | 11,528,000 | 11,466,000 | 11,594,000 |
| Receivables | US$ in thousands | 2,334,000 | 2,059,000 | 2,291,000 | 2,561,000 | 2,594,000 | 2,877,000 | 3,139,000 | 3,128,000 | 2,560,000 | 2,489,000 | 2,620,000 | 2,115,000 | 1,738,000 | 1,772,000 | 1,810,000 | 1,862,000 | 1,631,000 | 1,957,000 | 1,956,000 | 1,885,000 |
| Receivables turnover | 5.81 | 6.70 | 6.20 | 5.78 | 5.80 | 5.30 | 4.74 | 4.53 | 5.32 | 5.23 | 4.77 | 5.63 | 6.66 | 6.34 | 6.19 | 6.11 | 7.02 | 5.89 | 5.86 | 6.15 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $13,557,000K ÷ $2,334,000K
= 5.81
The receivables turnover ratio measures how efficiently a company is able to collect its accounts receivable during a period. A higher turnover ratio indicates that the company is collecting its outstanding receivables more quickly.
Analyzing the data provided for Ball Corp.'s receivables turnover, we observe fluctuations in the ratio over the quarters. In Q4 2023, Ball Corp. had a receivables turnover of 6.01, which decreased compared to the previous quarter's value of 6.88 in Q3 2023.
Looking at the trend over the past year, there has been a general increasing trend in the receivables turnover ratio, with occasional fluctuations. This indicates a positive development in the company's ability to collect its accounts receivable efficiently.
The average receivables turnover for the past year is 5.61, suggesting that on average, Ball Corp. collects its accounts receivable approximately 5.61 times per year. Comparing this to the latest quarter's turnover ratio can give insights into any recent changes in the efficiency of the company's accounts receivable management.
Overall, a receivables turnover ratio of 6.01 in Q4 2023 indicates that Ball Corp. has been successful in collecting its receivables efficiently during this period, although it saw a slight decrease from the previous quarter. Continued monitoring of this ratio will be important to assess the company's ongoing effectiveness in managing its accounts receivable.
Peer comparison
Dec 31, 2023